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News & Insights

Mylan’s $1.6 Billion Credit Facility

August 05, 2015

Cravath represented Mylan Inc., the borrower, and Mylan N.V., a guarantor of Mylan Inc., in connection with the arrangement of a US$1.6 billion delayed‑draw term loan credit facility to refinance existing indebtedness, including the repayment of Mylan’s 7.875% senior notes due 2020 and 3.75% cash convertible notes due 2015. The transaction closed on July 15, 2015.

The Cravath team included partner George E. Zobitz and associates C. Daniel Haaren and Erim E. Tuc on banking matters and partner J. Leonard Teti II and associate Kiran Sheffrin on tax matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Healthcare and Life Sciences

People

Name
George E. Zobitz
Title
Corporate
Title
Partner
Email
jzobitz@cravath.com
Phone
+1-212-474-1996
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    Education

    • J.D., 1995, New York University School of Law
      with Honors, cum laude
    • B.A., 1991, Franklin & Marshall College

    Admitted In

    • New York
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    Name
    J. Leonard Teti II
    Title
    Tax
    Title
    Partner
    Email
    lteti@cravath.com
    Phone
    +1-212-474-1896
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      Education

      • J.D., 2005, University of Virginia School of Law
        Order of the Coif
      • A.B., 1999, Princeton University
        with Honors

      Admitted In

      • New York

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      On Monday, April 15, 2024, the U.S. Court of Appeals for the Second Circuit affirmed the U.S. District Court for the Southern District of New York’s granting of summary judgment in favor of Cravath client Mylan in a securities class action related to Mylan’s marketing, pricing and classification of EpiPen as well as alleged conduct concerning generic drug price fixing and market allocation.

      Cravath Bicentennial

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